Novagold Resources Stock Beta
| NGR Stock | EUR 2.70 0.07 2.53% |
NOVAGOLD RESOURCES fundamentals help investors to digest information that contributes to NOVAGOLD RESOURCES's financial success or failures. It also enables traders to predict the movement of NOVAGOLD Stock. The fundamental analysis module provides a way to measure NOVAGOLD RESOURCES's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NOVAGOLD RESOURCES stock.
NOVAGOLD |
NOVAGOLD RESOURCES Company Beta Analysis
NOVAGOLD RESOURCES's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, NOVAGOLD RESOURCES has a Beta of 0.0. This indicator is about the same for the Other average (which is currently at 0.0) sector and about the same as Other (which currently averages 0.0) industry. This indicator is about the same for all Germany stocks average (which is currently at 0.0).
NOVAGOLD Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NOVAGOLD RESOURCES's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NOVAGOLD RESOURCES could also be used in its relative valuation, which is a method of valuing NOVAGOLD RESOURCES by comparing valuation metrics of similar companies.NOVAGOLD RESOURCES is currently under evaluation in beta category among related companies.
NOVAGOLD Fundamentals
| Current Valuation | 1.88 B | |||
| Price To Book | 49.08 X | |||
| EBITDA | (45.41 M) | |||
| Net Income | (53.34 M) | |||
| Total Debt | 123.69 M | |||
| Cash Flow From Operations | (12.37 M) | |||
| Number Of Employees | 17 | |||
| Market Capitalization | 2.03 B | |||
| Total Asset | 159.19 M | |||
| Z Score | 9.6 | |||
| Net Asset | 159.19 M |
About NOVAGOLD RESOURCES Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NOVAGOLD RESOURCES's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NOVAGOLD RESOURCES using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NOVAGOLD RESOURCES based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NOVAGOLD RESOURCES in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NOVAGOLD RESOURCES's short interest history, or implied volatility extrapolated from NOVAGOLD RESOURCES options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NOVAGOLD RESOURCES. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade NOVAGOLD Stock refer to our How to Trade NOVAGOLD Stock guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for NOVAGOLD Stock analysis
When running NOVAGOLD RESOURCES's price analysis, check to measure NOVAGOLD RESOURCES's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NOVAGOLD RESOURCES is operating at the current time. Most of NOVAGOLD RESOURCES's value examination focuses on studying past and present price action to predict the probability of NOVAGOLD RESOURCES's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOVAGOLD RESOURCES's price. Additionally, you may evaluate how the addition of NOVAGOLD RESOURCES to your portfolios can decrease your overall portfolio volatility.
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